Cryptocurrency Q&A
What is the opportunity cost of health?
What is the opportunity cost of health?
KDramaCharm
Wed Jan 15 2025
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6 answers
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I'm trying to understand the concept of opportunity cost, specifically in relation to health. What am I potentially sacrificing when I invest in my health, and what are the alternatives that I'm forgoing?
6 answers
ZenHarmonious
Fri Jan 17 2025
The opportunity cost associated with investing in a healthcare intervention is a crucial consideration.
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Eleonora
Fri Jan 17 2025
It is measured by the potential health benefits that could be achieved if the funds were utilized elsewhere.
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DigitalDynastyGuard
Thu Jan 16 2025
These benefits can be quantified in terms of life years saved, which reflect the improvement in longevity.
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SakuraBloom
Thu Jan 16 2025
Additionally, quality adjusted life years (QALYs) gained is another metric used to assess the opportunity cost.
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Lorenzo
Thu Jan 16 2025
QALYs take into account both the quantity and quality of life after a healthcare intervention.
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